BUSINESS SHORTS

Italian company to build service centre

THE ITALIAN Padovani Group has bought a 30,000-square-metre plot of land in the Kechnec industrial park near Košice, where it plans to build a service centre for processing tin food packaging materials.

The company wants to spend €5 million on the centre, which has so far cost about Sk168 million (€4.9 million). The firm plans to employ around 30 people in its first stage. Padovani Group President Vittorio Padovani told SITA on March 27 they would start construction as soon as they have a building permit.

The plant should be completed by the end of the year and the company wants to start production in the first quarter of next year.

This service centre for tin-plated materials will be the first in Slovakia, and it will take advantage of its proximity to central European steelworks, chiefly U.S. Steel Košice. It will supply products to over 100 metal packaging producers in 18 countries worldwide.

"This move fulfils our pan-European vision of a player who takes advantage of the gap on the tin plating market. central European markets have strong growth potential and we want to share in this venture," said Padovani.

Padovani Group is considered the biggest independent owner of service centres for tin plated material in Europe. It currently operates two service centres in Italy, one in Belgium, one in Poland and has shares in two service centres in Spain. The group consists of 10 companies and employs 300 people. Its turnover last year reached almost €200 million.

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